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Technology Stocks : CNQR - Concur Technologies -- Ignore unavailable to you. Want to Upgrade?

To: 4 - Bob who wrote (42)	12/16/1998 8:22:00 AM
From: Early Out	Read Replies (1) \| Respond to of 374

I placed market order for 100, and of course got the 100. Let's have fun today! -jsc

To: 4 - Bob who wrote (42)	12/16/1998 4:22:00 PM
From: Kimberly Lee	Read Replies (1) \| Respond to of 374

I asked for 1000 shares of CNQR at the offering price but received only 200 from etrade. Obtained another 300 shares from my other full service firm so I am holding a total of 500 shares at 12.5. Unlike in the second and beyond market, it ALMOST NEVER pays to enter a limit order for an IPO when one indicates interests in syndicate allocation. In all my IPO plays this year (VRSN, BRCM, GCTY, EBAY, TGLO, UBID, XMCM, ABOV and now CNQR -- these are the ones that come to mind right now), it has always been an auspicious sign when the final premarket offering price considerably exceeds the earlier proposed range because it implies oversubscription and thus enthusiastic institutional demand for the issue. Setting a limit order runs counter against this logic. In aftermarket trading, however, using limit orders to bid for the issues would be essential. I am still wondering who on this earth were placing market orders to buy TGLO right at the open.